Soaring fuel prices drag on Thai economy, spark protest

Southeast Asian nation fighting to shake off impact of COVID-19 pandemic

20211120 Thai truck main

Hundreds of trucks surrounded Thailand's energy ministry building in mid-November, demanding cheaper diesel. (Photo by Marimi Kishimoto)

MARIMI KISHIMOTO, Nikkei staff writer

BANGKOK -- Soaring energy prices are threatening to hobble Thailand’s economic recovery from the COVID-19 pandemic and have already sparked angry demonstrations in the ‘Land of Smiles.’

The Thai government on Wednesday said diesel oil prices will be capped at 28 baht (84 cents) per liter from December to March 2022 -- 2 baht lower than previous cap set in November.

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